Forex trading is prevalent among traders around the world due to the flexibility and liquidity of the currency market。Many traders believe that Forex trading can be very profitable in a relatively short period of time. In the modern world, everyone can trade Forex through online brokers。

However, not all currencies in the market have the same value。Some currencies have a more important value and are more popular than others, which affects the exchange rate of each currency。

For many years, there have been two types of exchange rate regimes in the macroeconomy: fixed and floating。A fixed exchange rate means that the central bank ensures that the exchange rate of that currency against another currency or the current price of gold does not exceed a certain level.。A floating exchange rate means that the currency exchange rate depends on the market, especially on supply and demand relative to other currencies.。

Exchange rates can have a huge impact on the overall trading experience, adding more pressure。As a result, some forex brokers offer fixed deposit and withdrawal rates, and traders do not have to worry about poor exchange rates due to poor timing when funding trading accounts.。However, this is a double-edged sword。

Fixed Exchange Rates for Forex Brokers

In forex trading, deposits and withdrawals are crucial for many traders, and with a fixed exchange rate, traders do not need to worry about exchange rate fluctuations between their currency and the base currency of their account.。

Fixed exchange rate and fixed spread

Fixed exchange rates are different from fixed spreads.。The fixed spread is essentially the spread charged for each transaction, while the fixed exchange rate applies only to deposits and withdrawals。Not all brokers with fixed spreads have fixed exchange rates and vice versa。

Brokers offering fixed exchange rates

Despite the many benefits, however, few brokers offer fixed exchange rates to their clients。Typically, it is offered by DD and STP brokers operating under offshore regulators。Because it may not be so beneficial to brokers, they have to take higher risks when the exchange rate is unstable, thereby increasing the possibility of bankruptcy by covering traders' exchange rate losses。

1. FBS

FBS offers a fixed exchange rate function for all customers worldwide, licensed by two regulatory bodies, IFSC Belize and CySEC Cyprus。Since its first launch in 2009, FBS has won the interest of many traders.。They offer fixed exchange rates as well as other services including quick response customer support, Islamic account options, bonuses, promotions and low spread trading for various types of accounts。

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Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。

FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。

Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。

In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。

And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。

Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。

Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。

The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。

Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。

In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。

Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。

Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。

Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。

In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。

2. FirewoodFX

FirewoodFX was founded in 2014 and is currently regulated by Saint Vincent and the Grenadines.。Although the broker is relatively new compared to its competitors, FirewoodFX offers simple trading conditions that are easy for beginners to understand。

FirewoodFX offers the top trading platform MetaTrader 4, accessible via desktop, web trading and mobile apps。In addition to this, it provides a fixed exchange rate function in its deposit and withdrawal services.。This feature is available for micro accounts with a minimum deposit of $10。In this way, traders can pass small lots (from 0.01 micro-hand start) and 1: 1000 high leverage to trade and enjoy the benefits of a fixed exchange rate。

3. Monex

Monex Investindo Futures is an Indonesia-based broker operating under the supervision of BAPPEBTI since 2000.。The broker is known for providing the best service to all clients by offering competitive trading conditions, one of the most popular services is fixing the exchange rate to help clients avoid risks that may affect the exchange rate between the US dollar and the rupiah during extreme market fluctuations.。

Conclusion

While forex trading can be lucrative for traders, it can also have a negative impact for those who prefer frequent deposits and withdrawals。Floating exchange rate regimes make transactions prone to high price differentials and can incur significant costs。In this case, a forex broker offering a fixed exchange rate may be a good option to solve the problem。